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BOSTON, February 1, 2013 – Bain Capital Partners LLC, a leading global private investment firm, today announced it has completed the acquisition of Apex Tool Group, a leading tools manufacturer. The purchase from Danaher Corporation (NYSE:DHR) and Eaton (NYSE: ETN), was valued at approximately $1.6 billion.

Apex Tool is one of the largest global producers of industrial hand and power tools, tool storage, drill chucks, chain, and electronic soldering products for industrial, commercial and demanding do-it-yourself applications. Based in Sparks, Maryland, the company serves a variety of markets, including automotive, aerospace, electronics, energy, hardware, industrial, and consumer retail. Apex Tool will continue to be led by Steve Breitzka as President and Chief Executive Officer, and the current management team.

“Bain Capital is dedicated to the continued success of Apex Tool, and we look forward to working with Steve Breitzka and the rest of the management team as they build upon a proven record of providing customers with outstanding products and service,” said Seth Meisel, a Managing Director at Bain Capital. “We believe there are attractive opportunities to enhance the global market position and to grow and expand the business.”

About Apex Tool Group

Apex Tool Group, LLC (www.apextoolgroup.com) based in Sparks, MD, is one of the largest worldwide producers of industrial hand and power tools, tool storage, drill chucks, chain, and electronic soldering products. Directly, and through its subsidiaries, Apex serves a multitude of global markets, including automotive, aerospace, electronics, energy, hardware, industrial, and consumer retail. Apex Tool Group markets some of the leading brands in the tool industry worldwide, including Allen®, Apex®, Armstrong Tools®, Campbell®, Cleco®, Crescent®, Erem®, GearWrench®, H.K. Porter®, Jacobs® Chuck, Jobox®, K-D Tools®, Lufkin®, Nicholson®, Plumb®, Sata®, Weller® and Wiss®, among others and manufactures several industry leading private label brands for large retailers and industrial distributors.

About Bain Capital, LLC

Bain Capital, LLC (www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, venture capital, public equity, high-yield assets and mezzanine capital with approximately $67 billion in assets under management. Bain Capital

Bain Capital, has a team of over 300 professionals dedicated to investing and to supporting its portfolio companies. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 450 companies around the world, including such industrial, distribution and consumer retail companies as HD Supply, Sensata, SigmaKalon, Feixiang Chemicals, Trinseo, Consolidated Container Company, SquareTrade, Gymboree, Toys "R" Us, Dollarama, Burlington Coat Factory, and Dunkin' Brands. The firm has offices in Boston, New York, Chicago, Palo Alto, London, Munich, Tokyo, Shanghai, Hong Kong and Mumbai.